Amendments have been made to the Tax Code of the Russian Federation to allow the introduction of one-time taxes by federal laws.
The tax on excess profits will be attributed to the federal. When determining the amount of the general obligation, the amount of excess profit tax will not be taken into account. When taxing profits, expenses in the form of the amount of this tax are not taken into account.
Russian and foreign organizations can transfer a security deposit to the federal budget against the payment of excess profit tax in October-November 2023. The amount of the payment is determined by them independently.
See Federal Law No. 415-FZ of 4 August 2023 “On Amending Part One and Article 270 Part Two of the Tax Code of the Russian Federation”
Nadmitov, Ivanov & Partners Law Firm advises clients on tax law matters.
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